Bank results suffer after May volatility

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A number of major equity derivatives dealers endured a torrid second quarter after volatility spiked in May. The second-quarter results of Bank of America Merrill Lynch (BAML) and Goldman Sachs, and first-quarter results of Nomura revealed large drops in net revenue for equities, with all three dealers citing severe moves in volatility as the primary cause.

The results back up widespread rumours that have been circulating among rival dealers since May, when equity markets were hit by a

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What gold's rise means for rates, equities

It has been several years since we have seen volatility in gold. An increase in gold volatility can typically be associated with a change in sentiment and investor behavior. The precious metal has surged this year on increased demand for safe haven…

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